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GPU Mining

Intermediate

GPU mining uses graphics processing units to validate transactions and secure blockchain networks, particularly for Proof of Work cryptocurrencies. GPUs are preferred over CPUs due to their superior parallel processing capabilities, making mining more efficient. Popular coins mined via GPU include Ethereum (before the merge), Ravencoin, and Ergo. GPU mining requires specialised hardware, software, and considerable electricity. While it's more accessible than ASIC mining, it can still be costly. It plays a crucial role in decentralisation and network security in PoW-based ecosystems.

Related Words

Gas Limit

Intermediate

The gas limit defines the maximum computational effort a user allows for a transaction. Too low a limit can cause the transaction to fail while still charging a fee; too high may result in wasted fees.

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